Enphase Energy to cut 17% of workforce, shut down production in Mexico
Enphase Energy says it plans to restructure its operations, reducing its global workforce by 17% – about 500 employees and contractors – and closing its contract manufacturing site in Mexico.
Enphase Energy to lay off 17% of workforce, take up to $20 million in charges
(Reuters) -Enphase Energy will cut its global workforce by about 17%, impacting about 500 employees and contractors, it said on Friday, as the solar inverter maker streamlines operations amid slowing residential solar demand.
Solar Leader Enphase Energy Cutting 500 Jobs
California-based Enphase Energy, a company known for its solar power and electric vehicle (EV) charging technology, announced it is laying off about 500 workers. The company in a Nov. 8 […]
Enphase Energy Restructures for Efficiency and Innovation
Enphase Energy is implementing a restructuring plan to align its workforce with business needs, impacting 17% of its global staff. The company is focusing on operational efficiencies by consolidating manufacturing to four locations,
Enphase Energy to lay off 17% of workforce, take up to $20 mln in charges
Enphase Energy will cut its global workforce by about 17%, impacting about 500 employees and contractors, the solar inverter maker disclosed in a filing on Friday.
HSBC Downgrades Enphase Energy (ENPH)
Fintel reports that on November 8, 2024, HSBC downgraded their outlook for Enphase Energy (NasdaqGM:ENPH) from Buy to Hold. Analyst Price Forecast Suggests 88.45% Upside As of October 22, 2024, the average one-year price target for Enphase Energy is $126.
Enphase Energy to cut 17% of workforce, incur up to $20M in charges
Enphase Energy (NASDAQ:ENPH) said Friday it plans to reduce its global workforce by ~17%, affecting ~500 employees and contractors, causing it to incur $17M-$20M in restructuring and asset impairment charges,
Bay Area solar company Enphase Energy lays off hundreds as industry's woes continue
Enphase Energy, based in the Bay Area's Fremont, is laying off about 500 workers and pulling manufacturing from Guadalajara.
PV Tech16h
Enphase to cut 500 jobs globally, ends manufacturing contract in Mexico
Microinverter supplier Enphase Energy has said that it will cut nearly 17% of its global workforce or nearly 500 employees.
Business Insider22h
Enphase Energy price target lowered to $76 from $95 at Canaccord
Canaccord lowered the firm’s price target on Enphase Energy (ENPH) to $76 from $95 and keeps a Buy rating on the shares. The firm is maintinaing its rating as they believe that the near-term, ...
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Is Enphase Energy, Inc. (ENPH) Best Alternative Energy Stock To Buy According to Hedge Funds?
We recently published a list of 10 Best Alternative Energy Stocks To Buy According to Hedge Funds. In this article, we are ...
Enphase Energy: Disappointing, But Not As Bad As It Seems
Enphase Energy continues to be focused on its business fundamentals, working with installers, expanding to new geographies.
Green energy stocks down following Trump election win
Shares of several renewable energy companies traded lower on Wednesday after Donald Trump was declared the winner of the ...
Traders betting against clean-energy stocks have made $1.3 billion since Trump's election win
Renewable-energy stocks have tumbled since Trump won the election as markets eye the potential for the president-elect to ...
Enphase, offering 'premium product at the wrong time,' cut to Sell equivalent at Jefferies
Enphase Energy downgraded by Jefferies, seeing difficult set-up driven by growing uncertainty on residential solar following ...
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Enphase Energy Unveils AI-Powered DIY Permitting Feature for Solargraf, Slashing Solar Permit Plan Creation Times by up to 95%
Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today a new do-it-yourself (DIY) ...